Gold futures fall 0.20 per cent on weak global cues

Gold is trading at Rs 29,324 per ten gram in futures trading as participants trimmed their positions.

Update: 2017-10-31 05:58 GMT

Globally, gold rose 0.06 per cent to USD 1,275.40 an ounce and silver by 0.24 per cent to USD 16.61 an ounce in Singapore. (Photo: PTI)

New Delhi: Gold prices fell by 0.20 per cent to Rs 29,324 per ten gram in futures trading on Tuesday as participants trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month December declined by Rs 60, or 0.20 per cent to Rs 29,324 per ten gram in a business turnover of 221 lots.

Analysts said offloading of positions by participants, triggered by a weak trend overseas, weighed on the gold prices in futures trade here.

Meanwhile, gold fell 0.10 per cent to USD 1,274.70 an ounce in Singapore on Tuesday.